Show CURRENCY REFORM CHIEF BUSINESS OF CONGRESS NEXT WINTER Secretary Gage Will Draw Up and Present to the Solons a BillHav ing the Approval of theAdnun istration Chicago June 26A special to the TimesHerald from Washington says The currency reform is to be the chief Business of congress next winter President Pres-ident McKinley has decided fully that he will not send to congress at this session message suggesting the creation ation of a currency commission as he had intended a short time since instead In-stead of a commission to investigate the subject and report to congress an administration bill is to be drawn and presented to congress next winter The preparation of thid measure is to I be the special work of Secretary Gage I but he is to have the assistance of Comptroller Eckels and ofa number I I of other officials and public men who I are close students of the currency and I banking problem This measure when prepared is to I be submitted to the president and after i af-ter receiving his approval will go to I i Speaker Reed and to a number of leading i lead-ing Republican senators I any of i these have serious objections to its details i de-tails an effort will be made t harmonize harmon-ize all the differences so that when the I work of passing i through congress is entered upon there may be no delays through Republican dissensions I is said that this administration 1 measure will be a comprehensive and adequate treatment of the currency question I will be in line with the I best and most progressive state of the science of banking and currency And I an effort will be made to put the national na-tional banking and national currency I system upon a thorough modern and j scientific basis I There will be ample provision for a safe and elastic credit currency on some plan similar to that employed in Canada or to that recommended in I what is known as the Baltimore alan j I The gold reserve will be protected as other nations protect their bullion reserve re-serve by destroying the endless chain The vexing problem of what to do with the greenbacks will be met fairly and squarely I is not proposed to retire re-tire them summarily but to gradually convert them into other forms of paper pa-per money which will not possess the power of draining the gold reserve whenever exporters of foreign bankers wish to do so All that is done in this line will be done gradually and in such the a way change that the country will not notice |